Cramer thinks industrials are going to be bought in the second half of the year, and investors should get in early. Stocks in the sector are down around 15-20%. Joy Global (JOYG) reported a sensational quarter and yet the stock is down. Cramer would also consider buying FedEx (FDX) and UPS (UPS) for the second part of the year because the companies have tremendous growth opportunities and they are too cheap.

VFCorp (VFC) has had a very dramatic quarter, with the stock down to the 90s prior to its acquisition of Timberland, and then shooting up to an all-time high because of falling cotton prices. Cramer noted Norfolk Southern (NSC) and Union Pacific (UNP) also rose dramatically. He recommends buying rails that are not close to their 52-week highs.

The banks are consistently disappointing, but one financial Cramer might consider buying is Capital One Financial (COF) because it makes money on credit cards and not mortgages.